Members of the board of directors are not eligible to be a part of the audit committee.

Name: Members of the board of directors are not eligible to be a part of the audit committee.
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Question

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Members of the board of directors can be a part of the audit committee, but they cannot constitute a majority of the committee. The intent is to ensure that the committee is independent and objective in its oversight of financial reporting and auditing processes.

Members of the Board of Directors Are Not Eligible to Be